For Sale: BlackBerry, Gently Used

BlackBerry intends to run a fast auction process that could be wrapped up by November. David Benoit joins MoneyBeat with details. Photo: AP.

This transcript has been automatically generated and may not be 100% accurate.

... the classified ad for sale BlackBerry ... gently used ... no we're not talking about a BlackBerry storm of the entire company ... BlackBerry is filled with Mary took the party's interest in buying part or all of the company ... and intends to run a cash option process ... that could be wrapped up by November ... day Benoit and Will Connors broke the story yesterday and Dave is here to update is on the latest deatails ... on Nov going pretty fast ... Barrick shares would be sure ... couple months but that's kind of ... the goal essentially from BlackBerry's point of view is ... let's get outlets but only talk to a can of a man ... of few parties really miss not come from this be quite often the case a lot of time ... we've got the sales numbers falling apart on us and guiding ... guiding and so ... is this the inevitable right now that this is going to happen aam ... certainly it's inevitable from black first-quarter view ... it is unclear right now if ... if the action will be real interest enough for it to to reach a deal ... aam ... was rightly said their plumber a toxin that can cut out kind of ... of the few bidders essentially ... but there's been no kind of formal talks there's been no indications of interest in ... the really By Christopher sell for ... a year plus in and no serious talks and had the entire time ... and a couple of years maybe even potentially took themselves out of this week ... it might soften Nokia big deal there people ... to answer talked about who might soften in the mean can drop bright right we've reported how some artists are Nokia catalyst in a joint bid for BlackBerry ... but ... it's coming clear eyed ... it essentially ... Mark is up to spend seven billion dollars to buy Nokia ... probably not can it turn around and spend about seven billion Medion my prayer which is ... the first of five six market cap essentially ... aam ... also the tiny rated it Buy purse look to get something done and in two months ... Micra sauce to some Proms arena for the huge mobile things get to digest ... our common values left and BlackBerry I mean ... it's not too long ago ... they dominated ... the handheld market ... they are just ... a shell of themselves ... how much value is looking these his stock now eleven dollars ... and that's actually been pretty good for them right Commerce values left and up to its really pretty unbelievable what the what's happened BlackBerry on ... it it's it's a problem I think are the bidders are which I think is why ... BlackBerry may be looking at buying it mothballed bidders can come in and breaking missing out ... some people are serving any interested if God ... knows their technology and software behind their operating system ... is ... very intriguing and ask us what you saw that Micra soft in Nokia ... Micra soft add ... the operating system ... that's can draw some attention so when that happens people police were worth lots of money getting a few billion released ... whether that devices or if anything is because the whole not a question masa doubling to billion in cash sitting around so so there's Deathly value there ... it depends on just what you're after ... write a mean that the latest phones they went nowhere ... write to swim away right and that's that's what the seems to be sparing this kind of ... we better do this quickly ... did the cute and easy and ... were based and they they took longer than expected a loss than him and just kind of fallen flat ... and ... history is littered corporate history is littered ... with companies that were major players in this piece ... and and all ... other competitors Kamin overtook them and they never kind and a look in okey I mean right right huge market share in cellphones three five years ago ... they even had a smartphone out before anyone knew they wanna smartphone from and now they're just nothing for ... literally three percent of the market share to ... identity on ... Aksland stuff thank you ... spot ...